Swiss companies pay bills fastest

Companies in Switzerland pay their bills quicker than those in any other nation, according to a study by business information provider Dun & Bradstreet.

This content was published on July 21, 2011 - 11:15 and agencies

It found that 68.2 per cent of bills were settled within the payment deadline, which, at 30 days in Switzerland, is one of the shortest.

In Taiwan, for example, 67.4 per cent of bills are paid on time, but companies have 90 days to settle up.

Other countries with 30-day deadlines include Germany (60.5 per cent of companies pay on time), Canada (43.3 per cent) and Portugal (21.4 per cent).

The survey, published on Thursday, also found that size mattered: the fewer employees a firm had, the greater the number of overdue bills.

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